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Daily (04.01.2023): European power spot prices plummeted on Tuesday, amid expectations of weaker wind output.
Oil prices were bearish on Tuesday, amid fears about demand and global recession. Consequently, Brent crude fell by 4.4% to $82.10 a barrel and WTI oil dipped by 4.1% to $76.93 a barrel.
read more... 04/01/2023
Daily (06.12.2022): Oil prices dropped to their lowest levels since January amid OPEC decision to hold steady oil output
Crude oil prices dropped to the lowest level since January following OPEC’s decision not to cut production any further. Moreover, stronger-than-expected US economic data fuelled speculation that the Federal Reserve would keep its policy tight to fight inflation. Hence, Brent crude decreased by $2.89, or 3.4%%, to settle at $82.68 a barrel. WTI crude fell by $3.05, or 3.8%, to end at $76.93 a barrel.
read more... 06/12/2022
Daily (22.11.2022): Energy complex climbed on Monday amid colder weather
Crude oil prices closed fractionally lower on Monday in a volatile trading session, after Saudi Arabia “categorically” denied a report that Opec was considering an increase in output that would help to counteract a loss of Russian crude supplies. Hence, Brent crude slipped by 0.2% to settle at $87.45 a barrel. U.S. WTI crude ended the day rather flat $80.04 a barrel.
read more... 22/11/2022
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EDF cuts 2022 nuclear output target by 5%
EDF has cut its 2022 nuclear output target by 5% to 275-285 TWh due to the impact of strikes and corrosion on reactor availability, it said late on Thursday.
read more... 07/11/2022
Daily (02.11.2022): WTI oil price rose following OPEC agreement to cut output by 2 million barrels per day.
Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022